Overview

A Statement Of Luxury And Lifestyle With Immense Investment Potential

1405/102-105 NORTH TERRACE, ADELAIDE

**Apartments that are purchased for investment purposes only and then leased on a short term basis as a serviced apartment are eligible for Stamp Duty Exemption (Subject to Revenue SA Approval). For further information please go to the Revenue SA website – Stamp Duty on Transfer of Real Property (Land). **

Set on Adelaide’s North Terrace – a world-class address famed with South Australia’s cultural and education hub, 102-105 North Terrace Apartment is an attractive lifestyle locale. Boasting yearly revenue of $52,000 and 95% occupancy rate in 2019, this fully-furnished apartment close to Adelaide Convention Centre, Adelaide Oval, River Torrens, Rundle Mall and Sky City Casino offers an investment opportunity not to be missed.

What you purchased is not just a property, but a one of the most successful homestay service business in Adelaide, ready to serve anytime. You can achieve the $52,000 yearly revenue by just managing the property a few days per month, and just 2 hours each day.

Fully-furnished with exquisite furniture and appliances, the open plan living area presents a comfortable space to chill with the 65inch TV & Marshall stereo speaker; or sipping drinks on the private balcony looking over the breathtaking Northern Adelaide scenery. The kitchenette is equipped with sleek s/s appliances (cooktop, oven, fridge, dishwasher, microwave), Delonghi coffee machine and a toaster.

Nothing speaks about convenience more than this property, the apartment itself offers attractive facilities of indoor heated pool, spa, sauna, and a gym. A short’s walk to first-class culinary experience along Rundle Mall and Street, or vibrant entertainment on Hindley Street. Not to mention public transport links at your doorstep that brings you to Central Market, Glenelg Beach, Adelaide East End and other bustling locations.

– Commercial Property exemption from stamp duty (T&C apply)
– Zoned for Adelaide High School
– Near university campuses on North Terrace
– Bedroom equipped with mirrored BIR, upscale designer vanity, and floor-to-ceiling tiles.
– Electrical appliances: Dyson Hair Dryer, Dyson vacuum, MI robot cleaner
– Ducted r/c a/c, 2.7m ceiling height, secured building access with intercom

Specifications:
CT / 5903/815
Council / City of Adelaide
Built / 2003
Council Rates / $421.5pq
Body Corporate / $1154pq
Community Manager / Whittles
SA Water / $148.68pq
ES Levy / $443.85pa

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor’s Statement may be inspected at the offices of Auta Group for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 281476

Details

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